Verb Technology Company Inc (VERB)

[dukeb]

I've resisted the scam label for a long time, but developments over the last few years are causing me to re-evaluate.

I think that Rory was putting in a decent effort to pursue the CRM with video path. In retrospect that was ill conceived and poorly executed and you can't justify Rory's penchant for hyperbole bordering on outright lying and his profligate spending on a stylish office space that never should have existed.

He overpaid for acquisitions and proceeded to destroy the products he purchased in order to feed his own ego. Then he sloughed off that business for a small fraction of what was invested in them.

But onward we go to Market.live - the future of on-line shopping. Despite Rory's promises and prognostications, the platform never got off the ground. Your position is that the tech is amateur at best and I'm not in a position to comment. What is clear is that there was never a serious marketing effort to make people aware that Market.live existed. Early streamers saw 20 people or so watching with almost no one opening up their wallets to make a purchase. Many of the products were available cheaper directly from the vendor's own web site or on platform such as Amazon. What value add was there for Market? NONE.

When it became clear that streaming on Market.live was a waste of time, almost everyone abandoned the platform which translates into even few people watching. Rory's next move was to bring in a parade of clowns including the two idiots with their DJ, Crackhead Mike Lindell and has been Frankie Avalon pushing his magic potions.

Market quickly became a cesspool of sadness.

Now cometh the pivot to TikTok. But it's not even clear what the business model is. They say they are charging fees to advise influencers on how to use TikTok to generate product interest and sales commissions. But what makes the slacker Verb employees qualified to advise others on how to be successful?

If you've watched any of the TikTok streams put on by Market they are a sh*tshow. Two (or three if you include Drew Dorsey who lost any remaining ounce of self respect she once had) twenty-somethings pushing dollar store crap and begging people to buy the last $1 plastic purse "so we can go home early."

They are also supposedly renting out studio space but I don't think they've brought in a nickel doing that.

More failure and more sadness.

Meanwhile, Rory has decamped to Las Vegas. Still presumably collecting his six figure salary.

VERB. NASDAQ listed. The shame of it all.

Final edit: One of the few remaining streamers on Market.live has been Margot from Elizabeth Grant Skin Care. Margot's farewell stream was scheduled for 2pm eastern time today. It is now 2:10pm and apparently Margot is a no-show. Will Ali show up for her 3pm and will Doll10 show up for their 4pm? LOL.

It's a scam. Has been for years.